27604, Raleigh, NC

Home Equity and Home Prices in the 27604 Zip Code of Raleigh, NC

The 27604 zip code of Raleigh, NC has a median home value of $225,000. This is a decrease from the median home value of $253,500 in 2016. The decrease in home values can be attributed to a number of factors including an increase in inventory and decreasing demand for homes.

Despite the decrease in home values, homeownership rates remain high in the 27604 zip code with over 84% of households owning their homes. This is likely due to low interest rates and strong economic conditions that have supported homeownership for many years.

While there has been a decline in home values within the 27604 zip code, this does not mean that homeowners are at risk of losing their homes to foreclosure or eviction. In fact, most homeowners are able to maintain their homes through regular mortgage payments and careful budgeting.